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King Yuan Electronics Co (TPE:2449) Cyclically Adjusted PB Ratio : 3.34 (As of Jun. 05, 2024)


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What is King Yuan Electronics Co Cyclically Adjusted PB Ratio?

As of today (2024-06-05), King Yuan Electronics Co's current share price is NT$90.60. King Yuan Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$27.12. King Yuan Electronics Co's Cyclically Adjusted PB Ratio for today is 3.34.

The historical rank and industry rank for King Yuan Electronics Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2449' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 1.82   Max: 4.2
Current: 3.25

During the past years, King Yuan Electronics Co's highest Cyclically Adjusted PB Ratio was 4.20. The lowest was 1.25. And the median was 1.82.

TPE:2449's Cyclically Adjusted PB Ratio is ranked worse than
60.79% of 686 companies
in the Semiconductors industry
Industry Median: 2.575 vs TPE:2449: 3.25

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

King Yuan Electronics Co's adjusted book value per share data for the three months ended in Mar. 2024 was NT$33.527. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is NT$27.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


King Yuan Electronics Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for King Yuan Electronics Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

King Yuan Electronics Co Cyclically Adjusted PB Ratio Chart

King Yuan Electronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.67 1.97 1.46 3.21

King Yuan Electronics Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.90 2.20 2.89 3.21 3.87

Competitive Comparison of King Yuan Electronics Co's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, King Yuan Electronics Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


King Yuan Electronics Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, King Yuan Electronics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where King Yuan Electronics Co's Cyclically Adjusted PB Ratio falls into.



King Yuan Electronics Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

King Yuan Electronics Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=90.60/27.12
=3.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

King Yuan Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, King Yuan Electronics Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=33.527/131.7762*131.7762
=33.527

Current CPI (Mar. 2024) = 131.7762.

King Yuan Electronics Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.890 100.560 23.444
201409 18.643 100.428 24.462
201412 19.252 99.070 25.608
201503 19.698 99.621 26.056
201506 18.429 100.684 24.120
201509 18.485 100.392 24.264
201512 19.231 99.792 25.395
201603 19.691 100.470 25.827
201606 19.134 101.688 24.795
201609 19.826 101.861 25.649
201612 20.298 101.863 26.259
201703 20.619 102.862 26.415
201706 19.433 103.349 24.778
201709 20.193 104.136 25.553
201712 20.526 104.011 26.005
201803 21.005 105.290 26.289
201806 19.442 106.317 24.098
201809 19.870 106.507 24.584
201812 20.018 105.998 24.886
201903 20.518 107.251 25.210
201906 19.701 108.070 24.023
201909 20.595 108.329 25.053
201912 21.421 108.420 26.036
202003 21.888 108.902 26.486
202006 21.115 108.767 25.582
202009 22.502 109.815 27.002
202012 23.978 109.897 28.752
202103 25.221 111.754 29.740
202106 24.135 114.631 27.745
202109 26.202 115.734 29.834
202112 27.957 117.630 31.319
202203 29.320 121.301 31.852
202206 27.135 125.017 28.602
202209 28.134 125.227 29.605
202212 29.516 125.222 31.061
202303 31.032 127.348 32.111
202306 28.724 128.729 29.404
202309 30.479 129.860 30.929
202312 31.816 129.419 32.395
202403 33.527 131.776 33.527

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


King Yuan Electronics Co  (TPE:2449) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


King Yuan Electronics Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of King Yuan Electronics Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


King Yuan Electronics Co (TPE:2449) Business Description

Traded in Other Exchanges
N/A
Address
No. 81, Gongdao Road, Section 2, Hsinchu, TWN, 300
King Yuan Electronics Co Ltd, or KYEC, tests back-end integrated circuit packaging and the semiconductor industry worldwide. It has offices positioned in several regions for immediate packaging and testing of semiconductors for its client base. Testing services encompass wafer probing, final testing, and preassembly services. Alongside an array of testing platforms, KYEC provides a diverse cache of packages for different outlines, sensors, and radio frequencies. The company receives demand from manufacturers in markets such as mobile phones, wireless communication, graphics cards, and integrated circuits for consumer electronics.

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